FWIW: the relative obsession with investment strategies as explanations for things like this is IMHO one of the clearest signs we're past the peak of an expansion and "due" for a correction. This happened in 2000 and 2008 too -- everyone online became an expert about this stuff. Then a year later no one wanted to be seen talking about money.
100% agree, if traders had any understanding of Elliot Waves this never would happen.
The same with Bitcoin. It was massive, everyone had an opinion, articles on hn/reddit every single day, now I never see crypto news unless I seek it out.
Out of the 25 corrections charted, the 3rd fastest was in 1955; the 6th fastest was in 1946.